SaveMeFromForeclosure.com Justin Lee
Presents Foreclosure Prevention Tips With Today’s Topic Before Restructuring Your Mortgage Make Sure You Meet The Minimum Requirements.
See SaveMeFromForeclosure.com To Find Out More Information!
Duration : 0:4:40
http://www.banksmartnow.com
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800.792.3155 ext. 3789
Mortgage calculators and low Mortgage/Refinance Rates don’t tell the whole story. Are Rate and Payment your biggest considerations when looking at a mortgage? They should be a consideration, but a strategy is far more important. Discover the strategies and secrets that the banks would rather you didn’t know.
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www.2ModMyLoan.com The recent stimulus in negotiations offers no homeowner mortgage assistance. Right out of President Obama’s mouth, the loan modifications needed to help millions of homeowners, current and past due, are not addressed in this stimulus package, but there will be “announcements” in a few weeks.
Defaults Return as Moratoriums Wore Off in Massachusetts and California, Same May Happen in New York; NYC Unemployment Rate Rose to 7.4% (In Focus) Call me and with Home Solutions of North America we can save your home. Tish Washington 626-945-5987 Below are TAGS How to Save Your Home How to Modify your loan How to stop foreclosure How to get your mortgage modified Modifications Foreclosure foreclosure home short sale save our home Hope Loss Mitigation Loan Mod mortgage Mod Modify HUD HOPE4MYLOAN Bailout LOANS GOD CHANGE JESUS SAVE RESTRUCTURE Bankruptcy bank foreclosure pre foreclosure how to save my home real estate foreclosure REO avoiding foreclosure keep my house hope for my home hope for my loan mortgage bailout You could fall into one of the following categories: Short Refinance, Forbearance Agreement, Repayment plan, Deed in Lieu of Foreclosure, Short Sale and/or Cash for Keys. Please visit our website and download a copy of terms and definitions. California, Florida, Nevada Christian Company If you have fallen behind on your mortgage payment and have received a Notice of Default or Notice of Trustee Sale and may be facing a Foreclosure we can assist you with our Attorney Assisted Foreclosure. We can stop a foreclosure if need be. We can also DEMAND your loan to be modified by your lender for violation of RESPA and TIL violations Notice of default Notice of Trustee Sale “stop foreclosure” “prevent foreclosure” “loan modification” mortgage, industry, updates, countrywide, litton loan servicing, Indymac, Fremont Investment, Chase Financial
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Available to the public, the system is also used by real estate agents, mortgage brokers, investment advisors, and accountants across the nation to help borrowers save money, qualify for the best loans, and reduce interest payments.
An expert in residential home financing, Philip X. Tirone has a unique background in difficult-to-obtain loans, having started his career working with borrowers with stated incomes and/or poor credit scores. With this foundation, he became a specialist in the credit-scoring process, authoring the book, 7 STEPS TO A 720® CREDIT SCORE, as well as the bestselling workbook, APPLYING THE 7 STEPS TO A 720® CREDIT SCORE.
Philip is the founder of the Mortgage Equity Group (the MEG) and specializes in educating borrowers and helping them increase their credit scores so they qualify for the best loan programs available. The MEG is a non-traditional mortgage company composed primarily of team members committed to providing each homebuyer with specialized time and services unique to his or her needs, complementing traditional mortgage services with innovative programs aimed at reducing mortgage payments and maximizing buying power.
Philip’s commitment to educating homebuyers prompted him to create the 7 STEPS TO 720® LICENSING PROGRAM FOR PROFESSIONALS in which he trains other mortgage planners and industry professionals on consistently outperforming the market by helping clients improve their credit scores. As well, he established the 7 STEPS FOUNDATION, a charitable fund that allocates resources to help low-income and underserved Americans increase their credit scores. Philip has an uncanny ability to develop innovative strategies to simplify the mortgage process. As a frequent guest lecturer at the University of California Los Angeles, Philip has authored and delivered numerous speeches about avoiding the “Mortgage Lifestyle Dilemma,” a phrase he coined to describe an emotional buying decision that results in overextension and a life that revolves around high mortgage payments.
Philip and his programs have been featured in the Los Angeles Times, New York Times.com, Wall Street Journal, Newsday, Woman’s World Magazine, San Francisco Chronicle, Bottom Line Magazine, and Bankrate.com, among others. He was recently featured in the New York Times bestseller, Secrets of the Young & Successful. In 2008, he will be featured in Dan Sullivan’s forthcoming book, Industry Transformers, which identifies eight individuals who are having a profound impact on their industry by creating meaningful ways for their clients to bypass the bureaucracy and the red tape most consumers face.
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First Time Home Buyer Tax Credit Assistance and Federal Government Home Loan Program with Low Down Payment on FHA Mortgages. Buy Bank Foreclosed Homes at a Discount. Go To http://RealEstateMarketingThisWeek.com
Part 2 (Excerpt)
The median income family can afford twice the median priced home; prices drop over 50%
And now I mentioned Dan Havey is back in the studio with us, Dan has done a lot of great things in the mortgage industry. He left us about a year and a half ago, is that right Dan?
Yes, I left the mortgage industry in October of 2007. Tell us a little bit more about yourself.
As you know I came originally from Wisconsin, where I got a degree in Business Finance and I came out here in 1989 and started working with my brother selling real estate owned-REO, bank owned properties for Fannie Mae, Countrywide, and the Resolution Trust Corporation-RTC which was the government entity that was put in charge of disposing of all the real estate owned by the 1800 S&Ls that had failed. I did that until about 1995 when I moved into the mortgage industry and there for 12 years I worked predominately with bankruptcy attorneys helping their clients get out of bankruptcy and foreclosure. I left the mortgage industry in October of 2007. Now I am working predominately in the arena of marketing for real estate and mortgage companies, helping out companies, just like Im here helping out Michael today, to get people to realize that right now actually is a really good time to buy.
There are a couple of points I want to make and it was something that Michael had said earlier. The first one was that 4% interest rate. Originally Obama said a couple of weeks ago, when he rolled out the mortgage plan, that they were going to take the $200 billion and use it to buy mortgage backed securities, well the article I was reading today said it appears that plan may have changed. Instead of buying the mortgage backs they were actually buying the stock of Fannie and Freddie to help support the company and keep these companies going under. I dont quite understand why being how they own them now.
Well youve got to hand it to the government they have really done a heck of a job helping Fannie Mae out, for instance today the stock is up to $0.41. Wow, doing so well, I remember when it was $150 or so, where it was at the top of the market.
Today, right now is definitely the best time even if rates dont get down to the 4% point. The beauty of it and were going to talk more about this in a later segment, is that we have seen a 51% decline in home values from the peak of the market. So you dont have to have the absolute greatest interest rate in order to be able to buy a house today. The median home price right now is $130,000 in Maricopa County, it was $264,000 just two years ago.
So the median home price is $130,000? We are going to talk a little bit about what a person has to make to actually qualify for that. Well it is definitely well within the means of a median income family. Right now a median income family makes about $64,000 in the state of Arizona according to the US Census Bureau and HUD. I ran some numbers today, I think at 6% interest and at that rate they can buy a $280,000 house. So you can buy twice the median home price if you are making just what the median income family would be in the state of Arizona. So the median household income buys double the median priced house in Maricopa County. That is correct, at 6% interest.
And the reality of it is interest rates are not even that high right now. So for people to be waiting for that perfect interest rate of 4% it doesnt really matter if it gets here or not because right now is such an incredibly fabulous time to be buying a house. There are so many foreclosures out there on the market right now, there are so many short sales out there on the market right now, and the point you made earlier is very important, that people have to get in and get prequalified, know exactly what they can buy. Now in many cases you are going to need a down payment, so get with your mortgage broker, get with Velocity Financial and start working on that program of getting those funds together for the down payment as well.
Dan Havey we talked in the past about whats available for financing these days, interesting to give little pat on the back for Velocity Financial is one of less than 15% of all of the lenders in the state of Arizona that are qualified to do FHA financed homes. Now FHA financing, people used to think it was only for first time home buyers, thats no longer the case. The FHA loan which only requires 3.5% down payment it doesnt matter if you have owned a home before and in many cases you can own another home now so long as your new purchase is going to be your primary residence you can utilize FHA financing and put only 3.5% down.
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Feel that you may need to move, but owe more than it’s worth. There are options out there.
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With foreclosures and bankruptcies soaring nationwide, both government and private industry have been promising help to homeowners. But is that help materializing?
Duration : 0:1:39
Ads for loan modification companies frequently appear on late-night TV and on billboards in some parts of the country, but consumers need to be aware that some are scams.(Sept. 15)
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Our company offers homeowners a home mortgage balance reduction program for homeowners that are upside down (LTV over 125%). This program does NOT negatively impact your credit. This is NOT simply a loan modification that only offers a temporary reduction in your interest rate. Our Mortgage Balance Reduction program reduces your principal balance owed to 95% of CURRENT MARKET VALUE. Call me today for more information.
Charlie Kartchner
1-925-360-1175 Direct
1-888-708-3669 Toll-free voicemail
LowerMyMortgageBalance@gmail.com
Duration : 0:8:23
nope they are up again!